The effectiveness of Japanese foreign exchange interventions during 1991-2001

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25 Citations (Scopus)

Abstract

This paper empirically analyzes the effectiveness of Japanese intervention policies on the yen/US dollar exchange rate over the past decade. Using actual intervention data, this paper suggests that Japanese interventions were effective in affecting exchange rate movements when such operations were coordinated with the Fed. Furthermore, intervention operations were always associated with an increase in exchange rate volatility.

Original languageEnglish
Pages (from-to)377-381
Number of pages5
JournalEconomics Letters
Volume84
Issue number3
DOIs
Publication statusPublished - 2004 Sep 1
Externally publishedYes

Keywords

  • Foreign exchange interventions
  • Yen/dollar exchange rates

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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